Acquisition Agreement has Been Reached by 37Point9 for Rights to Manufacture and Sell in China Through a Second Geographical Region, Guangzhou, with Rights for U.S. Distribution.Business Editors & Health/Medical Writers SAN DIEGO--(BUSINESS WIRE)--Oct. 8, 2002 37Point9 (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TSPN TSPN Teaspoon TSPN Tennessee Suicide Prevention Network (Nashville, TN) TSPN Tom Slivick Productions Network (Pine Grove, CA) ) announced today that it has reached agreement to acquire Guang Zhou Lin Bi Co. Ltd. and Zhong Shan Ying Kang Medical Devices Co. Ltd. Both companies, which will also be able to sell Ecom -- Shanghai products, are located in 37Point9's Guangzhou Distribution Region covering the Chongqing Municipality MUNICIPALITY. The body of officers, taken collectively, belonging to a city, who are appointed to manage its affairs and defend its interests. and the South, Southeastern, Central and Southwestern provinces of the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. Through this Agreement 37Point9 will be able to use their distribution and manufacturing licenses in China. Our Guangzhou Distribution Region represents the largest population center and hospital market in China with some 4100 hospitals and a population base in excess of 500 million. 37Point9 will also have the right to sell Guang Zhou and Zhong Shan's products in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. which include a portable pre- and post-operative scrub bed plus a blood circulatory circulatory /cir·cu·la·to·ry/ (ser´ku-lah-tor?e) 1. pertaining to circulation, particularly that of the blood. 2. containing blood. cir·cu·la·to·ry n. 1. stepping stool. Steps will be put into motion to sell both of these products through U.S. institutional and consumer marketing channels. "Naturally, we are very pleased with these opportunities. We continue to be on course in accomplishing our objectives in China. Yes, our road map is being accomplished day-by-day, as we previously outlined. We are definitely on the move," commented Doug Brown Doug Brown may refer to one of the following people:
To support our Chinese distribution system, 37Point9 is in the process of setting up eight product licensing source zones in North America. These will include: (1) the tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. of Pennsylvania, New Jersey and Delaware; (2) Washington, D.C.-Baltimore; (3) New York-Boston; (4) Atlanta-Miami; (5) Chicago-Minneapolis-St. Louis; (6) Toronto; (7) Houston-Dallas; and (8) San Francisco-Los Angeles-San Diego. "Through our postings on Monster.com over 300 individuals have responded to our job postings for Zone Representative and we are in discussion with several of the individuals," stated Steve Burns, our field coordinator. For additional statistical information, please refer to the China Economic Information Network, P.R. China, which may be viewed at the Web site http://ce.cei.gov.cn. Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. 37Point9 disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies. |
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